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Russia planning to cut financing of state space program — source

December 15, 2014, 10:04 UTC+3 MOSCOW

The total budget for 2016-2025 will make about $42 billion

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© ITAR-TASS/Sergei Savostyanov

MOSCOW, December 15. /TASS/. Russia is cutting by several billion dollars its state space program for 2016-2025, a source in the space sector told TASS on Monday.

“The total budget will make 2.4 trillion roubles ($42 billion), of which 2.15 trillion ($38 billion) will come from the budget. One of the reasons to cut the budget is the Finance Ministry’s order to reduce at least by 5% the state spending. Thus, financing of the space program will be cut by several hundred billion roubles,” the source said.

In October, a source in the space sector told TASS the authority requested from the federal budget 2.1 trillion roubles ($37 billion), and about 250 billion roubles ($4.39 billion) would come from own assets and revenues from space projects. Thus, against the program for 2006-2015, the state space agency, Roscosmos, plans to attract threefold financing both from the budget and from other sources.

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